Board Independence And The Transparency Of Firm Information

Improving the quality of information disclosure is becoming an essential urgent demand of listed firms all over the world.This study aims to test the relation between board independence and the transparency of firm information based on the data of Chinese real estate listed firms listing on Shenzhen Stock exchange in terms of empirical research.Results indicate that the proportion of independent directors has significant positive relation with the transparency of firm information,and CEO duality has significant negative relation with the quality of listed firm disclosure.However,the proportion of board meetings attended by a proxy who is entrusted by an independent director and whether the workplace of independent director is close to that of listed firm he serves do not have significant relation with the transparency of firm information.A finding that is consistent with most recent Chinese studies but is different with the western research.